Abstract

Using the URL or DOI link below will
ensure access to this page indefinitely

Based on your IP address, your paper is being delivered by:

New York, USA

Processing request.

Illinois, USA

Processing request.

Brussels, Belgium

Processing request.

Seoul, Korea

Processing request.

California, USA

Processing request.

If you have any problems downloading this paper,please click on another Download Location above, or view our FAQFile name: SSRN-id1788883. ; Size: 12412K

You will receive a perfect bound, 8.5 x 11 inch, black and white printed copy of this PDF document with a glossy color cover. Currently shipping to U.S. addresses only. Your order will ship within 3 business days. For more details, view our FAQ.

Quantity:Total Price = $9.99 plus shipping (U.S. Only)

If you have any problems with this purchase, please contact us for assistance by email: Support@SSRN.com or by phone: 877-SSRNHelp (877 777 6435) in the United States, or +1 585 442 8170 outside of the United States. We are open Monday through Friday between the hours of 8:30AM and 6:00PM, United States Eastern.

Impact of the Fraud Triangle on Audit Process: The Nigerian Accountant's View

The concept of "Fraud Triangle" is introduced to the accounting professional literature in the Statement of Auditing Standard (SAS) No 82 termed "Consideration of Fraud in a Financial Statement Audit" The Fraud triangle embodies the three conditions generally present when fraud occurs, incentive/pressure, Opportunity and Attitude !Rationalization. The objective of this research is to investigate more complex relationships between the main factors that affect fraud and audit risk. Input from forensic experts, academics and others consistently show that evaluation of information about fraud is enhanced when auditors evaluate in the context of these three conditions. To examine the impact of the fraud triangle on the audit process, three hypotheses were formulated and the data generated from questionnaire were tabulated and analyzed using percentage analysis, frequency table and mean score. The hypotheses were finally tested using z-test statistic and also Baseline model (SAS No 47) and Baseline Model with fraud Risk Assessment (SAS No 82) were equally used for this analysis. The results of the analysis support tile concept of the fraud triangle in that tile three components and the relationships between these components arc shown to have a substantial impact on audit risk. It was founded that audit risk decrease as tile evidence for management integrity increase. The study also reveal that without performing appropriate modify audit procedure and obtaining evidence supporting no fraud audit risk will never be reduces to acceptable level The researcher recommends that a "forensic type field work" be introduces into audits. It is also recommended that auditors should appropriately modify audit procedures and obtain evidence supporting no fraud for this will help to reduce audit risk to beef up their internal control to monitor the red flags of fraud.